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money into the economy? they let us know the exit plan for all of this. melissa: taxpayer outrage, bankrupt city in california paying out a million dollars in pay raises. they are bankrupt. lori: and paying races? crazy town. fedex says more customers are taking a less expensive option and it is hitting the bottom line. melissa: the cyber threat hit by online hackers putting financial firms here on high alert. but first, time for stocks now. nicole petallides is standing by. stocks posted solid gains ahead of the fed decision. nicole: that is right. everybody focused on the fed about an hour away from now. very accommodated if fed, and we're watching a market hitting new all-time highs in the dow jones industrial. of almost 56 points at the moment showing you some names that hit some highs today including nativ united technolo. hitting the highest levels we've ever seen for those names and we cannot leave out verizon. the highest levels we'v we haven in over 11 years. so while the shareholders have been enjoying great dividends, they can now also note multi-year highs as well. as
, the question for the american economy. should we save or spend? what will get the economy moving faster. i will talk to the chief pro-economist of spending paul krugman and then the race for space, is america losing? china is building it own space station and the u.s. has to reeli on russia to send our astronauts to the stars. what's going on? and the exploding issue, middle class. in seven years it will more than triple in size to almost 2 billion people. it will change the world. we'll talk about how. but first here's my take. those of you who followed the show regularly know that i have long argued that cutting government spending if the midst of a weak recovery is not a path toward growth. i have also argued that america has a debt and deficit problem and we need to take it very seriously. the fact is that the vast majority of our problem is related to the cost of health care in america. now the debate over obama care is over, we should start to think seriously of how to get america's health care costs under control. as it turns out a book and magazine story provide ways to think of th
food assistance to kids in this country and funding for r&d will drive our economy, but we can't appropriate a sum of money to fix the real cost of iraq. can't pay back the lives of 4,486 american men and women who have died there or the roughly 2,000 broken soldiers who came home and took their own lives. the wounded, physically and mentally, the soldiers who didn't know how not to be a soldier, the families living with a hole in their hearts and the families living with someone they no longer recognize. 10 years leaving their families, living in hell, coming home to unemployment and the homelessness, to a country that's forgotten that it's at war at all, to a country that seems to think a yellow ribbon magnet on their bumper is the only kind of support that oir troops need and the cost in iraq, untold deaths. let me rephrase that. unknown deaths. we can only guess at the destruction that we have left in our wake. 115,000 iraqis, 600,000, you can find the number, what was the long-term impact of that on the environment, the water and health? what happens when someone lives in
a little bit. >> that's a good point. for a long time the bears have been insisting that the global economy is not as healthy as this teflon stock market in the united states would indicate, and now they've got some ammunition. two companies from fed ex and from caterpillar. now, caterpillar had dismal three-month sales numbers. really shocked a lot of people. fed ex, of course, had disappointing earnings situation, lower than expected international volume. now people are saying, see, we told you. here are who big companies who are saying it's not as big as everybody said. deere got a downgrade from wells fargo. i'll talk more about that in the 2:00. a little bit of good news on housing. keeps rolling along. lenore, 34% increase in building. >> we'll see you back in a few minutes. ty, we'll send it back up to you. >> thank you very much. bob just gave you a very clear shot at the market picture, so what's driving it? well, obviously three developing stories and we're going to cue you in on all of them right now. the fed, steve liesman is in washington. russia's financial overtures toward cy
than three hours from the federal reserve notes and whether or not it continues stimulating the economy at the current levels, keeps propping things up. why don't you just pick up from where we left off because talking about washington related to the bigger picture scenario not assist early today but the role the federal reserve plays in all of this as long as interest rates stay as low as they are, what do you think? >> the fed plays a big role keeping interest rates low. i heard on the fiscal side, you're right, maybe outside of the beltway the washington fatigue, but returned to the fed, everyday to indicate the fed keeps the pedal to the metal, 85 billion per month, there'll be some talk about scaling it back later this year. the thing to watch is the fed forecast. all the members put in the economic forecast for the next three years. my guess is it'll be a little bit more promising for social and employment rate above 6.5% until 2015 and that is the threshold, they will not move interest rates up before your employment rate gets to that level, that is still at least two years from
blames israel. >> they want to control gaza, the people, the economy, they want to control everything. >> welcome to the great palestinian divide. ramallah is hardly boomtown but a galaxy apart from gaza. the market is busy. coffee shops are packed. and nine different arab banks compete for customers at this ramallah mall. stan helped build the mall. he says better than gaza isn't good enough. and, again, he blames israel. >> israel now has the leisure to be able to pick and choose how much restrictions it puts on the various palestinian areas, but that doesn't mean that ramallah is not under military occupation. we are very much in a cage. and around this cage is either israeli settlements or military checkpoints. >> he lives here but raised in youngstown, ohio. an american citizen who voted twice for president obama but believes visiting israel and ramallah now is a big mistake. >> coming and going without bringing any kind of political movement is em boldening israel and imboldening israel with this right wing government means more settlement means more collapse for the palestinian
. and stay the course. that's the message from the fed chairman ben bernanke today. he says our economy is improving but it still needs help. so the fed will keep interest rates at record low levels and will keep buying $85 billion in bonds each month. stocks like that, the dow up 56 points. briefly hitting a new record. the nasdaq up 25. the s&p up 10. of course, investors the world over are still watching the tiny island nation of cyprus as it nears possible bankruptcy. banks there are closed for the rest of the week now. and lawmakers are working on a plan b after parliament rejected a proposal to tax people's savings accounts. the fox business network peter barnes is live in the newsroom in washington. how concerned is the fed about cyprus? >> well, shep, he said the feted is paying attention to it, monitoring cyprus carefully. he said that so far its problems don't appear to be spreading to the u.s. or other countries. and that's the big concern here that this could become a contagion and trigger another financial crisis. but, bernanke suggested cyprus is unique, that its banking s
. above 14,500. traders reacting to the word the federal reserve will take more steps to boost the economy through the program of buying up $85 billion in treasury and mortgage bonds. but the trouble in cyprus could threaten markets. officials are trying to find a new way to keep their own economy afloat after the parliament rejected a bailout that would have taxed its own citizens' bank accounts. the banks are closed the rest of the week. >>> where are we with this situation? >> in a standstill when it comes to cyprus. the parliament is betting the european union and central bank will not cut them off for -- not going through with the plan to tax deposits. they have almost a week to negotiate. next tuesday is when the banks open up. in the back channels with russia on financial support, so it seems they're hoping they can find a stopgap. >> shepard: what i didn't understand was the real problem with this situation in spy russ is the russians, who have been laundering money, have stashed so much money in the banks, the banks are bigger than the economy in the country. so they could have ta
economies. its involvement in asia will be a welcomed addition. the u.s. must work with india to reduce her domestic constraints to growth and inagrees foreign direct investment. reducing red tape, increasing the supply of electricity, improving the tax system, strengthening the ability to enforce contracts will all lift india's ranking and spur business growth in a way that has been missing thus far. largelyia's economy is based on global supply chains, it is absolutely critical for india to enact reforms and liberalize its economy, to tap into this regional market. this is how india anchors itself in the asia-pacific region and we should do what we can to help leverage those reforms inside india. that is why i believe the administration must redouble its efforts to secure a u.s.india bilateral investment treaty. current negotiations are proceeding far too slowly. there are important issues to resolve and it's going to take a concerted effort to make progress, but once the b.i.t. is firmly in place, the u.s. should work with india on a free trade agreement that will foster more trade. we s
. >> sreenivasan: the federal reserve stood by its aggressive plan to stimulate the u.s. economy, keeping short-term interest rates at record lows. and it said there are signs the economy is getting stronger. one of those signs-- unemployment-- fell to a four- year low of 7.7% in february. still, the fed predicted it won't reach 6.5% until 2015. the fed and its chairman, ben bernanke, also had words of caution for congress. >> i do believe that long-term fiscal stability is extremely important and i urge congress and the administration, as i always do when i go to testify, to do whatever is necessary to put us on a sustainable fiscal path going forward. but in doing so, i think it's a good idea to pay attention to the impacts in the near term on what is still not a completely satisfactory recovery. >> sreenivasan: congress moved a step closer to advancing a spending bill that would keep the federal government running through september. the senate passed the legislation this afternoon along bipartisan lines. the measure funds the day-to-day operating budgets of every cabinet agency, gives $87 bi
with the casino's owner since it opened two years ago. >>> so just where is the economy headed? according to ben bernanke, the economy is improving, however, interest rates will stay low for now and until unemployment falls below 6.5%. >>> more economic clues today from nike after the bell investors will be looking at the global retailer's future orders. china trends and gross margins for a read on consumer demand in china and here at home. >>> expectations are climbing for this morning's february existing home sales numbers which are seen coming in higher than january. >>> and cash strapped cyprus, banks are still closed and late night meetings broke up with no new plan b to fund the island's much needed bailout. >>> closer to home, cvs is weighing in on the policy requiring employees to record their weight and body fat or face a health insurance premium. all data collected during health screenings is private. >>> fans of starbucks will be happy to know that beginning in may they can also rack up rewards points with packaged coffee purchases at grocery and drug stores. >>> meanwhile, walmart is
the deficit and grow our economy. yield back. the speaker pro tempore: the chair lays before the house the following personal requests. the clerk: leave of absence requested for mr. thompson of california for today. the speaker pro tempore: without objection, the request s granted. under the speaker's announced policy of january 3, 2013, the gentleman from california, mr. bera, is recognized as 60 minutes as the designee of the minority leader. mr. bera: mr. speaker, thank you for that recognition. thank you for this time. mr. speaker, over the past several weeks, i've been talking to my constituents, i've been talking to former patients about the importance medicare and how medicare has impacted their lives, how they've relied on it. you know, as a doctor, i've taken care of thousands of patients, patients who've worked their whole life paying into a system so that they could rest easy at a time when they needed their health care. hey -- they needed their health care they wouldn't have to worry about it. this is a program that has served millions of americans for decades. they've come
are actually focused on jobs and economy, erin. they're not focused on the debt. i think you have that captive sort of republican grass root that is focused on the debt and trimming back federal government. and they've captured the sort of republican party. but the vast majority of americans are more focused on the economy and creating jobs and building stable middle class than they are on cutting the deficit. yeah, the deficit is an issue. it's not the number one issue. >> why, boehner do that? we don't have an immediate debt crisis. you would see that in the market, right? so boehner is say ing the truth. it is against what he's been saying which is the debt is a problem. why did he do that? >> he said we need to address it over the long term. that means taking steps now. but here's the thing, he is actually opening the possibility that republicans move to more favorable ground because right now the problem is that republicans are emphasizing have been emphasizing root canal economics, only fiscal austerity rather than a more positive agenda. by conceding the point that we don't have an imme
: without knowing the structure of the new bedford economy, it is experiencing what a lot of people are experiencing. depending on the industries, you are a winner or loser depending on the structure of your economy. places that are strong in are growing.ces information sector, utilities. these are areas that have not been growing. host: talk about new england. aest: i grew up outside of town in massachusetts. it has similarities to new bedford. .bout 100,000 people strong industrial heritage. it redefined and re-scope itself successfully over the last couple of decades. massachusetts recognizes that its older cities have these challenges. and i go home to visit, there have been efforts to revitalize the older cities. they have lots of charms. new bedford has a wonderful whaling history. has worked atry sincetizens -- census 1997. we are looking at population changes. our other guest is lisa sturtevant with guest: richey-- where mason university she is a p deputy analysis. let's hear from bob, south dakota, rural. caller: i have some comments. [indiscernible] we should look at our
economy. we stand together because we share a commitment to helping our fellow human beings around the world. when the earth shakes and floods come, our doctors and rest was reached out to help. when people are suffering, from africa to asia, we partnered to fight disease and overcome hunger. piecend together because must come to the holy land. for even as we are clear-eyed about the difficulties we never lose sight of the vision of israel at peace with its neighbors. so, as i began this is it let me say as clearly as we can, the united states of america stands with the state of israel because it is in our fundamental national security interests, it makes us both stronger, it makes us both a more prosperous, and it makes the world a better place. that is why -- [applause] the united states it was the very first nation to recognize the state of israel 65 years ago. that is why the star of david and the stars and stripes flying together today. that is why i am confident in declaring that our alliance is forever. thank you very much. [applause] >> [speaking in foreign language) >> bar
. they will continue to support the gradual recovery in the economy until there's clear sign of improvement. the decision was made at a two-day policy meeting that ended on wednesday. they said the u.s. committee is growing moderately. they pointed to continued improvement in the housing market and a rise in household spending and corporate capital investment. the unemployment rate remains high at the upper 7% level. they warned against a fiscal policy stemming from mandatory stemming cuts. fed officials say the bank will continue to eject funds into the market giving these challenges. they are doing this by buying $85 billion worth of mortgage backed security and long term government bonds each month. they will maintain a near 0% interest rate policy. some federal reserve officials have expressed concern. that month of asset purchases could disrupt markets and bring about higher prices. in a news conference about the second day of the policy board meeting ben bernanke said those risks can be contained. >> the committee considered risks toinancial stability. it will lead some to take on exc
or the ability to develop an economy. butn't go into specifics, there are a couple of points i would make. as is always the case in a case like this, the ability to conduct government reforms is difficult. it is hard. this is a new and the creek -- and increasingly assertive legislature. they are boisterous, aggressive, and assertive. all of those things are positive with respect to where they seek to go in afghanistan. . is is a young democracy it is early. the good news is in ways that other countries we have been involved with overtime, first, afghanistan sits on top of trillions of dollars of natural resources. expands a wide spot -- it stands a wide spectrum from rare earth to strategic minerals to gems and gold. just a vast, vast wealth. the next bit of great wealth to develop isn't the mining industry, it needs to develop its human capital. from a poste thelict environment where national leadership chose to invest in the youth. there are countries around the world and people can take them off quickly with as early strategic decisions to develop the use of the country have delivered
will visit the republic of congo and attend the brics summit in south africa. the group of emerging economies includes the host nation, brazil, india, russia and china. >>> xi jinping's nine-day diplomatic tour started off last friday in russia. before he arrived chinese media say government officials secured china's biggest arms deal with russia in a decade. the purchase is worth about $3 billion and is expected to include 24 fighters jets and four submarines. president xi and president vladimir putin agreed during their meeting to strengthen military exchanges and cooperation. china and russia are expected to announce further cooperation in developing military technology such as surface-to-air missile and aerial tankers. chinese defense ministry representatives say their military relationship with russia is not directed at any third country. but the weapons deal comes as china remains locked in a dispute with neighboring nations over territory in the east china sea and the south china sea. chinese leaders are expanding their military budget. the country's defense spending has surged nearly
from over. >> exactly. it does seem to be rearing its head again. that's as the u.s. economy shows signs of vitality. here in japan the japanese government beginning steps to implement major changes after decades of inflation. concerns are coming from europe and affecting global markets. let's see how we're opening up here. the markets this time yesterday got a big boost. we did see the euro surge. the relief seems to be short lived as we're seeing in the opening lels. the rescue deal for cyprus could serve as a template for other european countries with strug e struggling banks. that comment really heightens some of the worries in global markets that the deal that was made may result in more problems down the road. now a bit of a negative reaction here in tokyo. we also might see which is a bit of a worry is a return to safer assets by investors including the yen. >> many investors watching the yen's movement. the japanese currency has been on a major weakening trend. where do we stand this tuesday morning? >> that's a big focus. you mentioned the moves by prime minister abe. let
democracy. it will soon be one of the world's largest economies. its involvement in asia will be a welcomed addition. the u.s. must work with india to reduce her domestic constraints to growth and increase foreign direct investment, reducing red tape, increasing the supply of electricity, improving the tax system, strengthening the ability to enforce contracts will all live in the is ranking and spur business growth in a way that has been missing thus far. since asia's economy is largely based on global supply chains, it is absolutely critical for india to enact reforms, to liberalize its economy, to tap into this regional market. this is out in the anchors itself in the asia-pacific region, and we should do what we can to help leverage those reforms inside india. that is why i believe the administration must redouble its efforts to secure a u.s.-india bilateral investment treaty. current negotiations are proceeding far too slowly. there are important issues to resolve. it's going to take a concerted effort to make progress, but once the vat is firmly in place, the u.s. should work with ind
, an international launch industry that's far from robust. now, our economy depends on the ability to create and instantly distribute vast amounts of data around the planet. space-based platforms have become a vital link in the national and global economies, and they're essential to the prediction of weather, navigation in all forms of transportation, the operation of power grids, the completion of local and global financial transactions and communication to mobile platforms whether they be on land, sea or air. commercial satellite industry also plays a critical role in supporting government operations. commercial satellites supply the majority of communications in afghanistan and iraq. today our satellites are still flying almost all of the dod's unmanned aerial vehicles, and we're providing the vast majority of the navy's communications at sea. to address the challenges that i mentioned earlier, the leading space operation, operators have gotten together on a number of complex cooperative projects, probably the most significant of these is the space data association or sda. the formation o
economy. now evidence they might be tanking our economy. you remember solyndra that cost american taxpayers more than $500 million. turns out it may have a successor. >> steve: months after opening, the oregon based solar panel company, solo power, is facing layoffs, putting 250 million of our taxpayer dollars in jeopardy. apparently stuart varney, we learned nothing from solyndra. >> no, we have learned absolutely nothing. the president is now doubling down again on green energy projects. he still believes the government can pick winners in green energy and he still thinks that maybe we'll get the technology right to get green power in the future. wrong on all counts. we're so far failed with these green energy products. i think we've got a list of all the green energy project which is have really gotten into deep trouble, either bankrupt, laid people off, they've lost a ton of money. it's one after another. it's very, very long list. >> steve: what do you think it was about this particular solo power thing that the government said oh, we got to give them a bunch of dough? >> the
economy. it's to create faster economic growth, to get jobs. you have to reform government to do that. >> well, on the medicare issue which is maybe the most sensitive issue out there, are you saying there are democrats who support your plan, which democrats describe as creating a voucher for medicare recipients? >> it's not a voucher program. it's called premium support and is an idea that originated from the brooking institutions from democrats to begin with. it is an idea i used to work on with alex ridlin. it's exactly just like the idea i worked with ron wyden the senator from oregon last year on. the point is good people from both political parties can lick this problem in the future and come to a solution and that is what we're proposing. our solution by the way, wolf, doesn't affect benefits of anybody in or near retirement but puts reforms of the program so we can make it solvent for the next generation like mine and our kids. we think it is the best idea for saving and strengthening medicare. we think the medicare board that will be put in place because of obama care is goin
tonight's. jon: getting a read on the true u.s. economy. the dow jones has been surging. a 57 points in the mid-14,000. the national debt keeps soaring as well. washington seems unable to find a solution. the unemployment rate stubbornly high. chief correspondent jim angle takes a look. >> enormous amounts of money into the economy, they will be gasping for air. listen to this. >> it was crucial in the crisis and the fed is very powerful at stopping the fall. but it's not good at pushing one investors who don't really want employers who don't want to hire. it has been pretty unsuccessful. >> some know that some small signs of recovery in the housing market have occurred. even with the creation of 236,000 jobs in february, job growth has lagged and is still dismal. >> is the worst business cycle that we have had since the end of world war ii in terms of job creation. we haven't even gotten back to where we were at the peak of the previous business cycle. reporter: the unemployment rate remains high. administration officials predict it would be about 5%. including all of those who took
the american academy of pediatrics. stay with us. (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. it's lots of things. all waking up. connecting to the global phenomenon we call the internet of everything. ♪ it's going to be amazing. and exciting. and maybe, most remarkably, not that far away. we're going to wake the world up. and watch, with eyes wide, as it gets to work. cisco. tomorrow starts here. >>> welcome back to "starting point." no plea deal for major nidal hasan, charged with killing 13 people at the ft. hood military base. he was willing to plead guilty under certain conditions, but the court-martial judge rejected those. >>> the american academy of pediatrics is coming out in support of same-sex marriage. the academy announced its support in a ten-page report. it studied scientific literature from the past four years and found that children's well-being is affected much more by the strength of family relationships than by the parents' sexual orientation. >>> nbc says it is building a new studio in new york
yesterday as the federal reserve stood by its plan to boost the economy. off here is a look at the closing numbers. the dow was up 56 points. it briefly traded at an all- time high today. the nasdaq rose 25 points. the s&p was up by 10 points. >> youtube says that more than 1 billion people are now visiting its online video site each month to watch everything from clips of contents to scenes of social unrest from the world. the milestone was announced yesterday and marks another step in youtubes evolution from a startup that was launched in 2005 to one of the most in florence to forces in today's media. youtube hits the billion mark of five months after facebook said that is on my social network reached that figure for the first time. google purchased youtube back in 2006 from $1.7 billion. when the video side had an estimated 50 million users worldwide. >> the guy who has bought silicon valley startup "jybe " so it can bring back five of their former engineers to help the internet company build better mobile applications. " tojybe " is a mobile service that gathers the peoples of recom
: what does this do for oakland's economy? >> last year the economic impact was about $4 million. we expect it to be a little bit more this year. and also there is always the charity piece. number of charities are involved once again. we expect the race probably in the neighborhood of $400,000 for charity. >> reporter: you've got people coming here taking part in this race from all over the down from industry and the united states. the full marathon is the first race that will kick off here. that will happen a half hour from now at 7:30. we'll be here for that. for now we are live in oakland alex savidge ktvu channel 2 news. >> thanks. we do have more information about the race on our website just two to ktvu.com and click on hot topics. >>> secretary of state john kerry makes a surprise trip to baghdad. kerry has been meeting with the leaders with other middle eastern nations. earlier he traveled to saudi arabia and egypt. last week he accompanied president obama to egypt. this is kerry's first trip to iraq after becoming secretary of state. >>> pope francis celebrated his first pal
up lima by going after cartels who control the transport system and regulating the economy of street vendors. they've been deeply unpopular among the war and have become fodder in a campaign to drive her out. >> the process underway is tainted with aggression, lies, distortion, misinformation, manipulation, and even worse, insult at my condition as a woman. it's injuring our citizens and causing negative visions. >> the recall vote is believed to be spearheaded by a former mayor looking for a comeback. he denies those allegations but controls the capital with significant influence as politicians jockey for power ahead of the elections. al jazeera. >> in southwestern colombia, soldiers conducted a raid in the jungle and seized nearly four tons of cocaine. they say they were hided and the confiscated cocaine had a street value of nearly 90 million dollars. 150,000 people have attended the first sunday prayers delivered by the new pope. before that, in an apparent break of precision and protocol, he met the faithful at ground level walking through the streets in st. annesa's church and
♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. bill: so onward we go, huh? two more weeks of lent. martha: two more weeks of lent as we were discussing. have a great day everybody. "happening now" starts right now. jenna: right now we have brand new stories and breaking news. >> the fbi on the scene of the university of central florida after a suspicious death there. plus explosives were found inside a dorm. we're live with breaking details. >>> the gop's bold new plan for the future. what the party needs to connect with voters it finds. >>> china out with a new warning for the united states about plans to beef up our missile defense system. how this could impact growing tensions with north korea. it's all "happening now.". >>> fox news alert on a campus in chaos. police are investigating a apparent suicide find weapons and explosive devices at the university of central florida. that is how we begin this monday. i'm jon scott. jenna: i'm jenna lee. ucf is canceling classes just hours after evacuating a dor
the u.s. economy. analysts also think he could point out that the bailout situation in cypress shows the ongoing risk of the global economic situation. >>> 7:45. a teenager in petaluma, burned last night in a fire that allegedly started while he was making drugs. police say it happened on east washington street. a 15-year-old boy is accused of starting a small fire while he was making hash oil out of marijuana. he was rushed to the hospital for treatment on burns on his face and hands. he was also given a citation to appear in juvenile court. this comes a month after fema issued an alert on hash oil explosions. the government agency says explosions at homes and hotels around the country are being traced to people using butane to get the active ingredients out of marijuana. >>> in other news, senator feinstein is angry that the gun control legislation will not include an assault ban. harry reid says this will not be part of the legislation they will debate because it doesn't have the votes to pass. senator feinstein says the issue of gun control is a personal one for her. as you know,
-buying stimulus continues to help the u.s. economy. analysts also think he could point out that the bailout situation in cypress shows the ongoing risk of the global economic situation. >>> 7:45. a teenager in petaluma, burned last night in a fire that allegedly started while he was making drugs. police say it happened on east washington street. a 15-year-old boy is accused of starting a small fire while he was making hash oil out of marijuana. he was rushed to the hospital for treatment on burns on his face and hands. he was also given a citation to appear in juvenile court. this comes a month after fema issued an alert on hash oil explosions. the government agency says explosions at homes and hotels around the country are being traced to people using butane to get the active ingredients out of marijuana. >>> in other news, senator feinstein is angry that the gun control legislation will not include an assault ban. harry reid says this will not be part of the legislation they will debate because it doesn't have the votes to pass. senator feinstein says
to take for cyprus' economy to recover from this? >> very good question. that's what a lot of people were really worried about whether or not what's happening there could happen in other places. >> we saw in europe seizain was saying hang on this might have longer term implications and reigned back a bit. zain, thanks so much. zain asher there. >>> secretary of state john kerry dropping in to meet with president hamid karzai. announcement coming at a time of tension as you can imagine between president karzai and coalition forces and u.s. forces in afghanistan. >> those tensions escalated this month after a bomb blast in kabul that killed nine people, kerry and president karzai just wrapping up a news conference actually. we'll update you on any developments from that. >>> also in afghanistan today another sign that u.s. involvement there is now winding down. the united states handed over full control of a prison near bagram air base to afghan authority. >> the transfer announced a year ago was supposed to take place within six months, but tensions with president karzai and concerns about
national. go like a pro. yes, it is. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, finite possibilities. >>> from our fox business studios in new york, here, again, is gerri willis. gerri: well, another record day for your 401(k). the dow hitting another all time high up 56 points, and the s&p and nasdaq ending the day in green territory. good news, but we have bad news. head's up investors, high frequency trade firms could put you and trades at a big disadvantage. it's a wash trade. when traders acted legally as the buyer and seller for the same transaction driving volumes and distorting prices. the cftc on the case. we have details of the investigation and what it means to you. bart, great to have you on the show. thanks so much for coming on. explain the wash trades. what are they? why are they eel lisle? >> well, you explained it well, gerri. it's actually when you offer to buy and you sell at the same time. you just cancel each other out. you are not taking risks in the markets, and it creates a false volume, and there's all sorts o
's trip and whether this economy is going to go up. tomorrow, a look at numbers you don't really quite see all the time that might beg that issue.y ♪ here's gerri willis. >> good evening, everybody. tonight, a cyberattack paralyzes banks an media companies in south korea. who is behind it? could it happen here? also, putting the brakes on high frequency traders. are they breaking the law and stealing your money? a new policy from one of the country's biggest companies. tell us your weight and body fat or face a fine. "the willis reprt" is on the case. >> all that and more, but first, a top story, a warning for you and your money, a big cybersecurity threat could be headed our way, at least two major banks and three television networks in south korea reporting their computer networks crashed. officials there speculate it was all at the hands of sib terrorists from north korea. many bank customers were unable to use debit or credit cards. imagine that, atms shut down for hours. the invesgation ongoing at this time, but a big question we're asking tonight, could this happen here? right in t
positive force for the economy. it's due in part to a drop in foreclosures and near record low mortgage rates. a decline in the national unemployment rate is also a factor. >>> and harrison ford is hinting that he could be returning to "star wars." as the legendary hans solo. the 70-year-old actor was asked by cnn's chicago affiliate wgn whether he is reuniting with original castmates for "star wars" episode seven. this is what he said. >> i think it's almost true. i think right now i'm looking forward to it. it's not in the bag yet but i think it's happening. >> almost true is how he puts it. so far lucas films is neither confirming nor denying whether the actors will officially make the return. >> amazing. i'd go see it. >> i would. you could see sort of hans solo, harrison ford through the years and such so it'll be interesting to see what roles they play in this new movie. >> be looking forward to it. thanks, lisa. >>> up next, the new jersey governor chris christie is forced to take sides in a heated debate over banning so-called gay conversion therapy. the pressure on the rising g
policies every single day. >> reporter: cruz tells cnn the law will put the economy in critical condition. >> the economy is not growing and implementing obama care now raises a very real possibility we will push this nation into a recession. i'm trying to make the case -- >> reporter: you are saying the president's health care law will cause recession. it could very well. we've had more than 35 separate votes in the congress about that and we've always upheld the affordable care act. >> reporter: democrats argue republicans should just stop. noting the law has not only survived a challenge to the supreme court but also former presidential candidate mitt romney. >> i will repeal obama care. and i'll stop it in its tracks on day one. >> reporter: the gop budget that passed the republican controlled house also includes a repeal of obama care. congresswoman michele bachmann warned the health care law is a killer. >> let's repeal this failure before it literally kills women, kills children, kills senior citizens. let's not do that. >> but it seems it is the law that can't be killed almost lik
. >> reporter: the president of the second largest economy in the world is shoring up deals during an international blitz of state visits and yet some can only talk about his wife. he is married to china's new president. the first lady visited a russian boarding school this past weekend and it seemed to be helping to present a softer image of china, as the husband finalizes trade deals with russia and african countries as well. but she's a star in her own right. she has a master's degree in music and even recorded a music video during the 1980s. in china she's well known as a soprano singer but more recently has been attached to various humanitarian initiatives related to hiv/aids and tuberculosis. it's rare to see the wife of a chinese leader so you could say china is changing its tune as it deals with international relations. back to you. >>> tonight, panda-monium. at od, whatever business you're in, that's the business we're in with premium service like one of the best on-time delivery records and a low claims ratio, we do whatever it takes to make your business our business. od
in local economy. it is a big thing. what is santa clara prepared to do? the nfl wants them to wait parking fees. something as simple as $5. they did not want to pay for that. >> the big thing is they want to waive the hotel taxes that could mean millions of dollars. >> off what could help santa clara, san francisco is the fact that miami the other city competing for 2016 has told the nfl will not waive the hotel taxes. santa clara will decide if that will happen. >> we will look at that and perhaps at that time they will say the bay area is a much better deal and miami. >> will have to wait and see. do we have any idea when they make the decision. >> the owners have to get together and vote? >> may 22nd there will make the decision. they have to give the host city several years to prepare to get the infrastructure in place. they have to build facilities if necessary to host insuperable. >> if i just left norland it is huge. you need all kinds of buildings conference rooms and all these things to host the nfl media as well as the activity for the fans. >> we shall see will. thank you for th
and now cyprus? >> it's a little tiny island economy that it really, i mean the dow was whipsawed yesterday in this country because we're watching what happens there. all of these cracks in europe very important to the u.s. stock futures right now are up. dow futures are up 30 points. this tiny country bears watching this morning. the problem is going to sound familiar to you. if cyprus doesn't get a bailout, it could go bankrupt, exit the euro-zone and lead to financial instability at exactly the wrong time for the world economy. the plan to fix the problems there include slapping a fee on bank deposits in the country. we complain about bank fees here. this is one major bank fee. they voted this bank fee down and now a bailout of the country is in jeopardy. here's what they were thinking of. if you get a bank account with $129,000, you would have been taxed $8,700, gone. taken right out of your account just like that. the people in cyprus protested and rushed to withdraw their money. look at the protest lines at the banks. any bailout needs to come with strings attached and the r
of cypress as a way to save their economy. the proposed measures are provoking fears that the similar move may spread and cause bank runs in the other 16 nations that use the euro. the dow is down 35 at 14,478. the nasdaq is down 16. s&p down 7. >>> several tech industry analysts say apple is about to raise its quarterly dividends. they told bloomberg it could top $4 a share. that would put it in the top 20% of any publicly traded u.s. company. it would give a boost to investors who have seen their share price tumble more than 35% since september. >>> today, the faa is expected to announce its final decision son which small-to-medium airports will have their towers closed because of the sequester. early reports had concord, santa rosa, napa, san core lot and livermore as candidates in the -- san carlos and livermore as candidates in the bay area. the cuts begin next month. pilots will still be able to take off and land at the airports but instead of talking to air traffic controller, the pilots will have to talk to each other. >>> the republican party plans to change itself after what happ
plans to boost the economy. here's a look at the closing numbers. the dow was up 56 points. it briefly traded up an all-time high today. the nasdaq rose to defy point. that isn't he was up 10 points. >> youtube says more than 1 billion people are now visiting it on my video side is much to watch everything from clips of kittens to scenes of social unrest around world. a milestone was announced as today marks another step in youtubes evolution from a startup launched in 2005 to one the most influential forces in today's media. youtube hits the billion mark five months earlier after facebook said its on my social network reached the figure for the first time. goggle purchase youtube back in 2006 for $1.7 billion on the video side had an estimated 50 million users worldwide. >> yahoo rought back to look on valley startup jybe so it could bring back five of its former engineer to help internet company build better mobile applications. it is a mobile service that debt is your recommendation about food and entertainment. the deal was about yesterday's and marks yahoos for acquisition of a
savings in the nation of cypress as a way to save their economy. the proposed measures are provoking fears that the similar move may spread and cause bank runs in the other 16 nations that use the euro. the dow is down 35 at 14,478. the nasdaq is down 16. s&p down 7. >>> several tech industry analysts say apple is about to raise its quarterly dividends. they told bloomberg it could top $4 a share. that would put it in the top 20% of any publicly traded u.s. company. it would give a boost to investors who have seen their share price tumble more than 35% since september. >>> today, the faa is expected to announce its final decision son which small-to-medium airports will have their towers closed because of the sequester. early reports had concord, santa rosa, napa, san core lot and livermore as candidates in the -- san carlos and livermore as candidates in the bay area. the cuts begin next month. pilots will still be able to take off and land at the airports but instead of talking to air traffic controller, the pilots will have to talk to each other.
economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses they're coming. yeah. british. later. sorry. ok...four words... scarecrow in the wind... a baboon... monkey? hot stew saturday!? ronny: hey jimmy, how happy are folks who save hundreds of dollars switching to geico? jimmy: happier than paul revere with a cell phone. ronny: why not? anncr: get happy. get geico. fifteen minutes could save you fifteen percent or more. great first gig! let's go! party! awwwww... arigato! we are outta here! party...... finding you the perfect place, every step of the way. hotels.com >>> the young american woman once dubbed "foxy knoxy" will find out if she will be tried for murder again. >> italy's highest court is going to announce its decision to throw out amanda knox's 2011 acquittal on charges she and her boyfriend killed her
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